315.600 Ā Bonds for corporate and refunding purposes. Ā An authority shall have power:

1. Ā To issue bonds from time to time, in its discretion, for any of its corporate purposes.

2. Ā To issue refunding bonds for the purpose of paying or retiring bonds previously issued by it.

[Part 12:253:1947; 1943 NCL § 5470.12]